Sales are suspended temporarily. Please check back soon.
really not a good sign! prepare your mind to expect the worst from this startup! So they sent out a sales campaign e-mail just a few days ago saying that prices were rising and orders must be paid in full by January 3rd and now follow-up with a sales are suspended?!? Amateur hour... Could you post that sales campaign email? |
|
|
|
I'm still waiting for my full BTC refund. This is what my ToS says ( http://pastebin.com/EfS9vmRf): Payments are due in the amounts, in the currency, and at the time stated in the order or confirmation sent by Hashfast, or if not so stated: (a) paid Bitcoin, to the account designated by Hashfast; (b) within thirty (30) days of date of invoice. This is what my order confirmation says: HashFast Technologies has received your order and payment in BTC for 1 Baby Jets, shipping via Next Day Air Saver (UPS) and: HashFast guarantees that all "Baby Jet" units from our first production batch will be delivered by December 31, 2013. If Buyer ordered one or more Baby Jet units, and HashFast does not deliver such units by that date, then Buyer may at his or her discretion, cancel the undelivered portion and HashFast will issue a full refund the payment for the units that Buyer purchased but did not receive and cancelled. This cancellation and refund is Buyer's sole and exclusive remedy for HashFast failing to deliver by the December 31, 2013 guaranteed delivery date. Buyer must cancel the order and request a refund by January 15, 2014 to avail him or herself of this remedy. So if payments are due in the amounts, in the currency, and at the time stated in the order or confirmation. Then full refund of the payment is due in the amounts and the currency stated in the order or confirmation. In summary: 1) payment in BTC: check2) full refund of the payment in BTC: check3) HF failed to deliver by December 31, 2013: check3) Filed refund request before Jan 15, 2014: checkAm I reading/interpreting this incorrectly? Seems pretty clear to me. Edit: Cedivad pointed out that you need to file your request as a hardcopy so will do that as well. (I have only filed an online refund ticket sales@hashfast so far). From the ToS: Buyer will give Hashfast written notice of failure to deliver and thirty (30) days within which to cure, unless the order confirmation explicitly guarantees a delivery date. I guess an email is not 'written' but a print out is? In summary:
1) payment in BTC: check
2) full refund of the payment in BTC: check
3) HF failed to deliver by December 31, 2013: check
3) Filed refund request before Jan 15, 2014: check  Implosion imminent? |
|
|
|
Interesting. First I've heard of this... I wonder who they served (if anyone in BFL). You know you really screwed up your "win" when the defendant first hears about a case on an unrelated 3rd party internet forum, heh.
Should be an open and shut case to get this re-opened and dismissed.
An Update:  http://www.reddit.com/user/coinpositivedotcom |
|
|
|
There are all kinds of nasty little things in that refund agreement. It is further understood and agreed that the general release referred to in Section 1 above a are a full and final release and shall apply to all unknown and unanticipated Claims, including, without limitation, those resulting from or based upon or in any way connected with the matters referred to herein as well as those now known or disclosed. Buyer hereby agrees that all rights under Section 1542 of the California Civil Code are hereby waived. Such section reads as follows: “A general release does not extend to claims which a creditor does not know of or suspect to exist in his favor at the time of executing the release which if known by him must have materially affected his settlement with the debtor.” What's this, HashFast is asking you to waive your rights? They wouldn't do such a thing. The release as written will mean that should you suspect you're owed a BTC refund but choose to get the USD refund anyway, you will have no recourse at a later time should it become apparent that HashFast does in fact owe you your Bitcoins back as originally promised. It is certainly incredible they would even offer that form publicly. It is nothing short of ridiculous. It only seems to be a 5 page agreement to screw the customer and indemnify (sp?) HashFast. I am curious as to the date when the PDF was drawn up...  Edit: Ah, their lawyer made it, figures. https://bitcointalk.org/index.php?topic=392977.msg4248560#msg4248560Looks like Cedivad may have gotten his full BTC back. |
|
|
|
Amount Paid: US$ 36,267.70 (44.5001466 BTC) Refund Amount: US$ 36,267.70 (44.5001466 BTC) Equipment Ordered: 1 Babyjet [OPTIONAL: _____ I hereby cancel all of my orders and request a refund in the amount shown above, but to be paid in Bitcoin at the exchange rate quoted by Bitstamp on the day HashFast provides such Bitcoins. I hereby attest that it is legal for me to receive Bitcoin under the applicable laws of my jurisdiction.] Please provide your Bitcoin wallet address here: ____________________________________________________________ lol someone had to do it  You missed the fine print. In red highlights the (Hashfast's template) says: Please initial only one of the following:
_____ I hereby cancel all of my orders and request a prompt refund in the amount shown above, paid to me in
United States Dollars.
[OPTIONAL: _____ I hereby cancel all of my orders and request a refund in the amount shown above, but to be
paid in Bitcoin at the exchange rate quoted by Bitstamp on the day HashFast provides such Bitcoins. I hereby
attest that it is legal for me to receive Bitcoin under the applicable laws of my jurisdiction.] Please provide
your Bitcoin wallet address here: ____________________________________________________________
_____ I prefer to wait up to an additional 30 days from the Notice Date above for HashFast to deliver the
equipment. I acknowledge and consent to a revised ship date of January 30, 2014. ======================= It should read: [OPTIONAL: _____ I hereby cancel all of my orders and request a refund in the amount shown above, but to be paid in Bitcoin at the exchange rate quoted by Bitstamp on the day the order was placed. I hereby attest that it is legal for me to receive Bitcoin under the applicable laws of my jurisdiction.] Please provide your Bitcoin wallet address here: ____________________________________________________________ ======================== It is a SMALL difference, but this is how they can take away several dozens of bitcoins from your pocket. This is why you should not use the REQUEST REFUND FORM they have prepared for you. Someone should honestly open up an Adobe PDF editor and work their way down the document and release an edited version for the community. You should also create a back channel to discuss <cough> your individual resolutions. As it is against the HashFast Terms to discuss your particular resolution publicly. If you get your full BTC refund amount awarded to you, then you should or should not contact me via PM with one simple word. "YES" I will casually "interpret" this however I may to indicate that a full BTC refund was issued and therefore indicate that to others publicly as a third party observer. So that everyone knows...you can get your full BTC amount back and there are folks who have....without actually discussing your refund resolution. |
|
|
|
I emailed them demanding a refund. Error detected. Is there a better way? Certified mail return receipt. Indeed... |
|
|
|
Saw this on reddit: http://www.reddit.com/r/Bitcoin/comments/1u4v0o/i_sued_bfl_in_kansas_jurisdiction_and_won/I sued BFL and won. Since I live in California, I had to hire an attorney in Johnson County KS. I won by default with damages and atty fees awarded, as BFL failed to show at trial. My case is a matter of public record, case 13LA09619 BFL has now failed to respond to their loss of the suit and we are looking for ways to collect via lien, direct bank account deduction, etc. In addition we will be shortly expanding a second lawsuit based upon the proof of fraud whereby our bitcoins will be returned to us via a court procedure known as 'recession' [where the court orders that you are returned to the same position today that existed before the fraud occurred] and will seek to secure our bitcoins by way of a replevin order. These processes are time and money consuming, but as BFL continues to ignore the court orders, their fines and fees are increasing from the date of our original judgment. The chief obstacle for execution of a recession and replevin order is the notion that bitcoins [even though digital] are a type of property that can be 'seized' or returned, by an action provisioned under instructions given to a sheriff acting on orders from the court. Of course, we crypto-geeks know that this can be easily accomplished, but BTCs are a new "unknown" to the US jurisprudential system, and our attorney has to guide them through the process and allow them to conclude that "this can be done". If anyone is interested in filing suit against BFL remotely, I have an EXCELLENT attorney-- and since he has already won the first suit, it is a foregone conclusion he can win yours. Now the caveat: BFL is very skilled at moving its money and its accounts around the various banks in Leawood Kansas. Our investigator has determined that they had accounts in certain banks which are now closed, but we suspect that they are no longer using the registered corp-name BF Labs Inc as the corporate name on the account they use to pay their local employees-- and they DO have to pay their employees somehow. Speculation is that they have moved to using ADP or another third party payroll system and have masked their accounts. We are pursuing a subpoena to force a court appearance by Sect/Treasurer Jody Drake to disclose the location of assets. Anyone wishing information on the progress of the suit and information regarding process and procedures can contact me at info at coinpositive dot com. This has been an expensive process, but BFL should not be allowed to defraud the public. If you found this helpful, you can donate mBTCs to this address: 14nu944b3Lpe1yPEAzCoaTyMrs6rsPNbtM Or mLTCs to this address: LL1LPKCkxJwQpyKphtKqkBoVE7xXi1eZzd I will try to help as many who ask. God Bless and Happy New Year Looks like he took the advice I made a while back on small claims and getting liens. I am quite comforted to know that he has been awarded judgements, has found someone competent in the execution of BitCoin related cases, recovery of funds and is seeking a subpoena to evaluate where funds are stored at BFL headquarters. No doubt he may not be alone? Only time can tell, please help donate to him so that his path may be smooth...for himself and others following their own cases. |
|
|
|
Folks, don't be stupid (like alot of BFL'er were). Don't use their particular form. Draft your own, then serve them under your own terms! |
|
|
|
http://hashfast.com/wp-content/uploads/2013/12/Batch-1-Refund-and-Release-Hashfast-Technologies-FINAL.pdfYou know, there is absolutely no reason (IMO) that you have to use HashFast's "REFUND REQUEST AND RELEASE" document to process your refunds. You can just edit it and put in your own terms (to make it easy on them during processing, use the same template). You (as far as I know) are required to notify them of your intent. You are NOT required to use their written terms in their own desired template form. You can submit your own request with your own (similar) wording. Everything I read in their version is designed to negate a persons ability to get their BTC back even when no conversion took place from cryptocurrency to fiat. Why should you use their original form? If you are under the delusion that you have to use their form, you don't. You can make your own. Make your own. Then, as required of you, serve them with the refund request you detailed on your own terms.
|
|
|
|
If you sign it you are going to have to criticize them. It's required under paragraph 6. 6. Non-Disparagement. Buyer agrees that Buyer shall disparage, libel, or criticize the Company or publish any statement concerning the other that this is critical. That should be easy though. I would add a double face palm to this, but I don't want to spam the same pic. |
|
|
|
Your libelous accusation. . .
. . .to definitively repudiate your slander.
Since you're trying to play lawyer, Mr. Community Liason, which one is it? Libel or slander? They're not interchangeable terms. The fact you are threatening and actually continuing to knowingly push a false accusation until your demands are met demonstrates you aren't making the self-mining charge in good faith.
That sir, is called extortion.
See, if you want to play lawyer, it's important to actually know what you're talking about first. Extortion is trying to get money or property which you're not entitled to from someone by means of threats to their property or family, or by falsely claiming to be entitled to it. This situation in no way resembles extortion.  Eligius seems to have only said that a specific account isn't theirs. So you should all ask a representative, has HashFast ever used/tested on mainnet [with customer equipment]? If they have, did it ever produce any amount of BTC? If so, then there, you have an answer. If he doesn't release a statement one way or the other one can only speculate on what the facts might be with non-definitive conclusions. |
|
|
|
John S. (VP Sales) just told me Baby Jets should start shipping out on Saturday!
If anyone can get our hardware through the holiday rush and your local customs office quickly, it's CIARA.
@ HashFast_CL Understandably, I believe your customers enthusiasm will be underwhelming considering you promised a delivery date in October, my friend. At this point your company is pretty much looking out for itself by delivering before December 31st, 2013, and not it's customers. ================= Isn't everyone excited to hear they are going to circumvent the refunds?  Come on, speak up if you are excited. Lets hear your voice. |
|
|
|
Hmm, well, for the record BFL got away with it, HF will likely too. It takes a rare kind of breed to actually do something. HF just have to wait it out, meanwhile their "creative pickaxing" (to borrow a phrase from Death&Taxes) will have paid off. No one really sued BFL, and our HF case is much stronger than BFL. We have proofs that they lied to us to sell an overpriced product. There is not even a lot to discuss about, what they did was illegal. I was about to ask about BFL but didn't want to hijack the thread. This is amazing for me. After all the drama not one single person sued them? I just can't believe this. Maybe HF already knew this and they just took the same route. Maybe everyone who got serious about suing BFL got paid off on the condition of no public comment? People who sue, don't comment on anything. People who are stupid (or surprisingly smart) are the only ones willing to say anything publicly until they win their case. |
|
|
|
Weak hands got played. Gave people who have faith in BTC chance to get cheaper coins. Don't be so sure, this is just the last peak. (IMO) Charts still show a downward trend. It will take alot of buying to change it. If the market sinks below 650-600 even the western whales will sell with extreme vigor. I doubt the whales will sleep tonight. |
|
|
|
As each day passes HF looks more and more as major failure. It may sound cruel for BTC community, but now I hope for temporary BTC price drop at refund time, so the refunds would have more value when issued. Even if HF cheats with BTC refunds and calculates them in US$ it would have less impact for the buyers.
Your wish for a BTC crash is coming true. |
|
|
|
Hey ice, you have any contacts at hash fast? They seem to have gone MIA during the home stretch.
There are million things to take care of during the home stretch. Adding personnel to the customer support team is one of them.  I'm sure they are swamped with orders, inquiries, etc. because of all the BTC hype in general and their spectacular 500GH/sec/chip achievement in particular. Whats interesting is the long term charts show that BTC is heading way down in price. It will tick up one last time, then comes the nose dive. That is a good thing for those of us holding cash. A bad thing for those holding BTC. what indicators do you have for making bold predictions like that? how can you predict 'just one spike' ? and how do you predict 'heading way down' ? since you've mentioned both an up, and a down, i presume you won't be wrong, since a volatile asset like btc will always fulfil those indications. I won't post any graphs or graphics since I don't want to give away anything helpful. But read your stochastics at different intervals and then compare with MACD indicators at different scales of time. It is obvious. The whales with the most BTC are waiting for one last rise then comes the big dump as the whales will drop their BTC into the markets (and pick up fiat to hold). People like me are looking to buy up BTC at Sub 400$ prices. Edit: If you haven't already, I would recommend during the next rise you keep at least 7k to 10k cash on hand to ride out the bottoming out over the next 2 months or so. (daily/monthly expenses etc) (So you don't have to convert BTC at extremely cheap rates) It will likely go up again, it usually does. Corrections are just the way of the market. |
|
|
|
Hey ice, you have any contacts at hash fast? They seem to have gone MIA during the home stretch.
There are million things to take care of during the home stretch. Adding personnel to the customer support team is one of them. I'm sure they are swamped with orders, inquiries, etc. because of all the BTC hype in general and their spectacular 500GH/sec/chip achievement in particular. Whats interesting is the long term charts show that BTC is heading way down in price. It will tick up one last time, then comes the nose dive. That is a good thing for those of us holding cash. A bad thing for those holding BTC. |
|
|
|
|
Mark my words,
Best case scenario, You wanted 1 board, now you get 2 at -+10% of 600GH/s.
Each one requires a water cooling system.
Problem, BFL has some trouble shipping a fully assembled unit. So they depend on end-users to finalize the installation of the water cooler.
-------------------------------
Not so great scenario, You wanted 1 board, now you get 3 at -+10% of 600GH/s.
They pre-install the water cooling hardware and most users get a ton of damaged hardware in transit. (sometime in mid 2014 of course!)
When you turn it on, at least 10% of them leak water on the board. BFL was too stingy to include specialized liquids meant to mitigate leaking disasters.
You need an 800 watt power supply for just 2 boards.
-------------------------------
Worst case scenario, BFL offers to host their customers hardware in their datacenter or offer refunds. (well bankruptcy is more likely I admit)
They realize they will require a specialized case to host their now under-spec'd hardware. This "case" is announced prior to shipments beginning....and hyped to high-heaven in order to mitigate a sure disaster to their pocketbook. Most likely they will sweeten the purchase of "the case" (at your cost) with an exclusive offer <cough> to discount your future monarch purchases.
In other words, you want 25% off your future purchases of monarch cards? Sure, you'll only get it if you buy the case "accessory". Otherwise you will pay full price.
|
|
|
|
|
Show Posts
